Groupon Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
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Glossary of Defined Terms and Abbreviations
Groupon, Inc. (the "Company." "we," "our," "us," and similar terms include Groupon, Inc. and it subsidiaries, unless the context indicates otherwise. The Company also uses several other terms in this Quarterly Report on Form 10-Q, which are defined in the list below (the "Glossary"):
| Abbreviation | Description |
|---|---|
| 2011 Plan | The Company’s 2011 Incentive Stock Plan, as amended |
| 2020 Restructuring Plan | April 2020 Board approved multi-phase restructuring plan |
| 2022 Cost Savings Plan | August 2022 Board approved multi-phase cost savings plan |
| 2022 Restructuring Plan | August 2022 Board approved restructuring plan, included within the 2022 Cost Savings Plan |
| 2026 Notes | The Company’s 1.125% convertible senior notes due May 2026 |
| 600 West Chicago | The Company’s previously leased headquarters located in Chicago, Illinois |
| Assessment | Claims for tax assessments by foreign jurisdictions, inclusive of estimated incremental interest from the original assessment. |
| ASU | Accounting Standards Update |
| Backstop Party | Pale Fire Capital SICAV a.s. |
| Bank Secrecy Act | Bank Secrecy Act of 1970 |
| Board | The Company’s Board of Directors |
| CARD Act | Credit Card Accountability Responsibility and Disclosure Act of 2009 |
| Cash Collateral Agreement | Agreement dated March 2, 2023 with JPMorgan Chase Bank, N.A. |
| Common Stock | Company common stock, par value $0.00001 per share |
| Compensation Committee | Compensation Committee of the Board |
| CPRA | California Privacy Rights Act |
| Credit Agreement | Second amended and restated credit agreement JPMorgan Chase Bank, N.A., dated May 14, 2019, as amended from time to time and as terminated as of February 12, 2024 |
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization |
| ESPP | The Company’s 2012 Employee Stock Purchase Plan |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| Expiration Date | January 17, 2024, 5:00 p.m., New York City time, representing the date the subscription period for the Rights Offering expired |
| FASB | Financial Accounting Standards Board |
| GAAP | U.S. Generally Accepted Accounting Principles |
| GDPR | General Data Protection Regulation |
| Payoff Amount | Payment of $43.1 million to terminate all commitments to extend further credit under the Credit Agreement |
| PSU | Performance Share Units |
| RSU | Restricted Stock Units |
| Rights Offering | Board approved $80 million fully backstopped rights offering to the Company's stockholders that commenced on November 20, 2023 |
| Quarterly Report | Quarterly Report on Form 10-Q for the period ended March 31, 2024 |
| SEC | Securities and Exchange Commission |
| Securities Act | Securities Act of 1933, as amended |
| SG&A | Selling, general and administrative |
| SumUp | SumUp Holdings S.a.r.l, a privately-held mobile payments company |
| TTM | Trailing twelve months |
| Uptake | Uptake, Inc. |
PART I. FINANCIAL INFORMATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.